You must be registered and logged in to reply to posts or post new topics. Click on "How to Use This Forum" for simple instructions on how to get on board. NB: Please do not use your real name or email address as your screen name - if you do it will be changed to something less insecure.
Until the owner has sold more than 50 percent of the units, the voting power of their unit entitlement is reduced to one third of the actual figure.
Thereafter, they can vote as, and hold the prescribed number of proxies for each of the units they own.
There are also restrictions the ‘original owner” or developer voting on building defects under Schedule 1, section 15 of the Act
15 DEVELOPER OR LESSOR EXCLUDED FROM VOTES RELATING TO BUILDING DEFECTS
The developer or lessor of a leasehold strata scheme is not entitled to vote, or exercise a proxy vote, on a matter concerning building defects in, or the rectification of building defects in, building work to which Part 11 of this Act applies.
Part 11 of the Act is the whole section relating to building defects.
Most Users Ever Online: 518
Currently Browsing this Page:
Billen Ben: 205
considerate band fair: 160
Guest Posters: 242
Moderators: Sir Humphrey, scotlandx, Christopher Jones, Lady Penelope, Stratabox.com.au, Jimmy-T